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January 19, 2017

Rothschild replaces Millstein as Puerto Rico financial adviser

Puerto Rico's new government has hired Rothschild & Co to help it develop a fiscal turnaround plan and lead restructuring negotiations with creditors holding some $70 billion in debt, the government announced on Wednesday.

Rothschild will replace Millstein and Co, which had served as financial adviser under the administration of ex-Governor Alejandro Garcia Padilla. Read more.